Why we've the weakest economy since the global financial crisis, with few clear ways out
- Written by Peter Martin., Visiting Fellow, Crawford School of Public Policy, Australian National University
The Australian economy is tepid, with consumer spending the weakest in ten years, business investment shrinking, and economic growth too weak to cover population growth.
Were it not for very strong growth in export income and the biggest surge in government spending in 15 years, the economy would have shrunk.
The treasury believes the Australian...
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